Today, the yield on Japan's new 10-year treasury bonds, which is an indicator of long-term interest rates, once rose to 2.990%. According to Japan Mutual Securities data, this is the highest level in about 30 years since October 1996. Treasury bond yields have an inverse relationship with bond prices. Higher yields mean lower bond prices. According to Japanese media analysis, rising market expectations for the Bank of Japan's early interest rate hike, and the rise in long-term interest rates in the US has triggered a chain reaction, which is the main reason why Japanese treasury bonds have recently been sold off by investors and prices have dropped.

Today, the yield on Japan's new 10-year treasury bonds, which is an indicator of long-term interest rates, once rose to 2.990%. According to Japan Mutual Securities data, this is the highest level in about 30 years since October 1996. Treasury bond yields have an inverse relationship with bond prices. Higher yields mean lower bond prices. According to Japanese media analysis, rising market expectations for the Bank of Japan's early interest rate hike, and the rise in long-term interest rates in the US has triggered a chain reaction, which is the main reason why Japanese treasury bonds have recently been sold off by investors and prices have dropped.